Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 166.9 to 138.3.
Financials
Financial year 2025
Astara Western Europe from Mechelen, company number BE0473558156, closed financial year 2025 with a result of € -11 million after tax. For that financial year Astara Western Europe recorded revenue of € 30.6 million and equity of € 53.7 million. Compared with financial year 2024, the result moved from € -2.1 million to € -11 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 53.7 million
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11 million
▼ 413 % more loss than in 2024
Profit after tax over the fiscal year.
€ 17.1 million
▲ € 14.6 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 8.5 million.
People and assets in 2025
138.3
▼ 26.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 17 million
▲ 6% vs 2024
€ 122,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 122,395
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 88.4 million
Loans from banks and other lenders, long and short.
€ 4.9 million
▼ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 84 days on average.
€ 2.1 million
▼ 42% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 27,712,292 | € 31,438,758 | € 30,627,718 | € 30,606,795 | |
| Profit after taxes | € 10,781,688 | € 9,688,364 | € -2,139,237 | € -10,968,954 | ▼ € 8.8 million |
| Equity | € 65,144,872 | € 66,833,236 | € 64,693,999 | € 53,725,045 | ▼ 17% |
| Total debts | € 72,633,658 | € 89,508,774 | € 112,050,089 | € 126,356,610 | ▲ 13% |
| Cash | € 1,575,760 | € 24,300,976 | € 2,489,462 | € 17,132,934 | ▲ € 14.6 million |
| Land & buildings | € 73,165 | € 56,599 | € 40,034 | - | |
| Retained profit | € 19,944,037 | € 21,632,401 | € 19,493,164 | € 8,524,210 | ▼ 56% |
| Dividend | € 0 | € 8,000,000 | € 0 | € 0 | |
| Bank debt | € 33,969,920 | € 68,007,006 | € 88,200,000 | € 88,400,000 | |
| Balance sheet total | € 137,828,530 | € 156,522,010 | € 178,730,088 | € 180,081,655 | ▲ 1% |
| Employees (FTE) | 144.4 | 166.9 | 164.7 | 138.3 | ▼ 26.4 |
Key figures of Astara Western Europe, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Astara Western Europe?
What happened at Astara Western Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Didier Vanderperren stepped down as director. NBB
- Finez BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 11 million. Source: NBB ↗
- New establishment in Mechelen. KBO
- Didier Vanderperren became a director. NBB
- Fernando Martín Alberto Santibáñez Barbosa stepped down as director. NBB
- Rafael Sainz De Herrera stepped down as director. NBB
- Pedro Escudero Zaval stepped down as director. NBB
In short
From € 10.8 million profit in 2022 to € 11 million loss in 2025.
Paid € 427,714 in corporate taxes since 2022.
Best year ever: 2022, with € 10.8 million profit.
Paid out € 8 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 100% of Suzuki Belgium, 100% of Maxomotive, 100% of Ssangyong Motors Middle Europe, 100% of Astara Financial Products, 100% of Maxomotive NL and 100% of Korean Motor Company itself.
Directors
According to the 2025 annual accounts
Didier Vanderperren
Director
Also active at: Korean Motor Company, Astara Financial Products, Maxomotive, ASTARA MOVE BELGIUM
since 2025 · until 2031
Fernando Martín Alberto Santibáñez Barbosa
Director
since 2023 · until 2025
Rafael Sainz De Herrera
Director
since 2023 · until 2025
Pedro Escudero Zaval
Director
since 2024 · until 2025
Director · represented by Olivier Sermeus
Also active at: Korean Motor Company, Astara Financial Products, SUZUKI BELGIUM, Maxomotive, EURO SERVICE HEATING, FAVOR FINANCE, ASTARA MOVE BELGIUM
since 2025 · until 2031
Jorge Navea Atorrasagasti
Director
since 2023 · until 2025
Luis Andrés Solari Urquieta
Director
since 2023 · until 2025
Establishments
Establishment units
Physical locations of this company
Bedrijvenlaan 4
2800 Mechelen
Egide Walschaertsstraat 15B
2800 Mechelen
Active since 14 June 2001
Egide Walschaertsstraat 20
2800 Mechelen
Active since 15 February 2025
Bedrijvenlaan 1
2800 Mechelen
Active since 1 February 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Korean Motor Company same network
€ 430.8 million revenue · 2025
Astara Financial Products same network
€ 1 million revenue · 2025
SUZUKI BELGIUM same network
€ 94 million revenue · 2025
Maxomotive same network
€ 201.9 million revenue · 2025
Ssangyong Motors Middle Europe same network
€ 37 million revenue · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Domain
Domain
astara.com
Registered
1998-05-30
Registrar
Acens Technologies, S.L.U.
Expires
2028-05-29
Website info
Features
Security
Details
- Company number
- 0473.558.156
- VAT number
- BE 0473.558.156
- Registered office
- Bedrijvenlaan 4, 2800 Mechelen
- Names & denominations
- Astara Western Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 2000
- Peppol
- Active · Active since 24 Nov 2025
- Contact
- astara.com
- Activities · NACE
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
Diverse administratieve activiteiten ten behoeve van kantoren